oldie
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Post by oldie on Aug 25, 2024 21:32:03 GMT
This is repeated ad nauseum by a few. The economic problems faced by the UK were of course caused by the global financial crisis of 2007-8, and all major economies suffered. But that doesn't stop people pretending the world economic situation was caused by Gordon Brown. He certainly did his bit to the British economy..... Like bail out our banking system?
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Post by lostinspace on Aug 25, 2024 21:53:29 GMT
He certainly did his bit to the British economy..... Like bail out our banking system? One of those situations "where the banker always wins"....always...no matter what....
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oldie
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Post by oldie on Aug 26, 2024 4:17:16 GMT
Like bail out our banking system? One of those situations "where the banker always wins"....always...no matter what.... Yep. Even now, as we face funding crunch for public services, the limit on bankers bonuses was quietly removed as profits soared above forecast.
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Post by baselswh on Aug 26, 2024 7:29:12 GMT
Labours mass immigration policy is working well for them.
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Post by francegas on Aug 26, 2024 8:13:35 GMT
You made this assertion, "if we are being fair the Blair govt inherited a stable economy but after a few years it started to get worse and has continued to get worse year by year." The latter part was just not true This is repeated ad nauseum by a few. The economic problems faced by the UK were of course caused by the global financial crisis of 2007-8, and all major economies suffered. But that doesn't stop people pretending the world economic situation was caused by Gordon Brown. The reverse can be said about the Tories. The left blame the state of the UK economy entirely on the Tories conveniently forgetting there was a world wide pandemic that affected economies across the globe, a war raging in the Ukraine causing increases in food prices, cost of fuel rocketing across Europe, Double digit inflation in Europe. Of course this was all the fault of Boris.! You can't say on one hand the state of the UK economy was nothing to do with Gordon Brown it was all down to global influences and on the other blame the Tories for everything and nothing to do with global influences.
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Post by baldrick on Aug 26, 2024 8:19:23 GMT
This is repeated ad nauseum by a few. The economic problems faced by the UK were of course caused by the global financial crisis of 2007-8, and all major economies suffered. But that doesn't stop people pretending the world economic situation was caused by Gordon Brown. The reverse can be said about the Tories. The left blame the state of the UK economy entirely on the Tories conveniently forgetting there was a world wide pandemic that affected economies across the globe, a war raging in the Ukraine causing increases in food prices, cost of fuel rocketing across Europe, Double digit inflation in Europe. Of course this was all the fault of Boris.! You can't say on one hand the state of the UK economy was nothing to do with Gordon Brown it was all down to global influences and on the other blame the Tories for everything and nothing to do with global influences. Don't forget Brexit and Trussenomics 😉 It's not so much the events themselves, it's how you prepare in advance to those possible events and how you react to them. On Ukraine Boris got my full support, he did very well on that.
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Post by francegas on Aug 26, 2024 8:50:28 GMT
The reverse can be said about the Tories. The left blame the state of the UK economy entirely on the Tories conveniently forgetting there was a world wide pandemic that affected economies across the globe, a war raging in the Ukraine causing increases in food prices, cost of fuel rocketing across Europe, Double digit inflation in Europe. Of course this was all the fault of Boris.! You can't say on one hand the state of the UK economy was nothing to do with Gordon Brown it was all down to global influences and on the other blame the Tories for everything and nothing to do with global influences. Don't forget Brexit and Trussenomics 😉 It's not so much the events themselves, it's how you prepare in advance to those possible events and how you react to them. On Ukraine Boris got my full support, he did very well on that. I understand what your saying but how do you prepare for a world wide pandemic that will kill over 7 Million people world wide and over 230,000 of your own citizens ? Something that hadn't happened since the Spanish Flu over 100 years ago and not knowing when the next one will occur. I'm sure Downing Street doesn't have a manual on how to deal with pandemics with enforced lockdowns. PPE has a limited shelf life and you can't stockpile millions of items just in case! Don't forget the entire world was scrambling for PPE with over 80% of PPE supplied by China.
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Post by baldrick on Aug 26, 2024 9:33:09 GMT
Don't forget Brexit and Trussenomics 😉 It's not so much the events themselves, it's how you prepare in advance to those possible events and how you react to them. On Ukraine Boris got my full support, he did very well on that. I understand what your saying but how do you prepare for a world wide pandemic that will kill over 7 Million people world wide and over 230,000 of your own citizens ? Something that hadn't happened since the Spanish Flu over 100 years ago and not knowing when the next one will occur. I'm sure Downing Street doesn't have a manual on how to deal with pandemics with enforced lockdowns. PPE has a limited shelf life and you can't stockpile millions of items just in case! Don't forget the entire world was scrambling for PPE with over 80% of PPE supplied by China. They cut pandemic planning a couple of years before, so yes, there are things that could and should have been done. It was also known we were overdue a pandemic. Lots of government purchases have a shelf life, a modest rolling replacement programme would have saved a lot in the first few days and weeks.
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oldie
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Post by oldie on Aug 26, 2024 10:10:43 GMT
The reverse can be said about the Tories. The left blame the state of the UK economy entirely on the Tories conveniently forgetting there was a world wide pandemic that affected economies across the globe, a war raging in the Ukraine causing increases in food prices, cost of fuel rocketing across Europe, Double digit inflation in Europe. Of course this was all the fault of Boris.! You can't say on one hand the state of the UK economy was nothing to do with Gordon Brown it was all down to global influences and on the other blame the Tories for everything and nothing to do with global influences. Don't forget Brexit and Trussenomics 😉 It's not so much the events themselves, it's how you prepare in advance to those possible events and how you react to them. On Ukraine Boris got my full support, he did very well on that. And I personally supported the Furlough scheme introduced by Sunak. Classic Keynesian response. We would be in a living disaster without that.
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aghast
David Williams
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Post by aghast on Aug 26, 2024 10:29:54 GMT
This is repeated ad nauseum by a few. The economic problems faced by the UK were of course caused by the global financial crisis of 2007-8, and all major economies suffered. But that doesn't stop people pretending the world economic situation was caused by Gordon Brown. The reverse can be said about the Tories. The left blame the state of the UK economy entirely on the Tories conveniently forgetting there was a world wide pandemic that affected economies across the globe, a war raging in the Ukraine causing increases in food prices, cost of fuel rocketing across Europe, Double digit inflation in Europe. Of course this was all the fault of Boris.! You can't say on one hand the state of the UK economy was nothing to do with Gordon Brown it was all down to global influences and on the other blame the Tories for everything and nothing to do with global influences. I'm not saying that and I don't blame the Tories for everything that happened to the economy through COVID.
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aghast
David Williams
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Post by aghast on Aug 26, 2024 10:31:56 GMT
Don't forget Brexit and Trussenomics 😉 It's not so much the events themselves, it's how you prepare in advance to those possible events and how you react to them. On Ukraine Boris got my full support, he did very well on that. And I personally supported the Furlough scheme introduced by Sunak. Classic Keynesian response. We would be in a living disaster without that. I agree. He did a good job there, and while I don't support his policies in general, or really much at all, Sunak was given a very hard time by the public and his party.
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Post by francegas on Aug 26, 2024 10:36:03 GMT
The reverse can be said about the Tories. The left blame the state of the UK economy entirely on the Tories conveniently forgetting there was a world wide pandemic that affected economies across the globe, a war raging in the Ukraine causing increases in food prices, cost of fuel rocketing across Europe, Double digit inflation in Europe. Of course this was all the fault of Boris.! You can't say on one hand the state of the UK economy was nothing to do with Gordon Brown it was all down to global influences and on the other blame the Tories for everything and nothing to do with global influences. I'm not saying that and I don't blame the Tories for everything that happened to the economy through COVID. Apologies Aghast I miss understood.
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trymer
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Post by trymer on Aug 26, 2024 17:20:10 GMT
This is repeated ad nauseum by a few. The economic problems faced by the UK were of course caused by the global financial crisis of 2007-8, and all major economies suffered. But that doesn't stop people pretending the world economic situation was caused by Gordon Brown. The reverse can be said about the Tories. The left blame the state of the UK economy entirely on the Tories conveniently forgetting there was a world wide pandemic that affected economies across the globe, a war raging in the Ukraine causing increases in food prices, cost of fuel rocketing across Europe, Double digit inflation in Europe. Of course this was all the fault of Boris.! You can't say on one hand the state of the UK economy was nothing to do with Gordon Brown it was all down to global influences and on the other blame the Tories for everything and nothing to do with global influences. Didnt Brown sell off half of Britains gold reserve when the price of gold was low ...only for gold to go up in price for years afterwards ?
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Post by francegas on Aug 26, 2024 17:30:45 GMT
The reverse can be said about the Tories. The left blame the state of the UK economy entirely on the Tories conveniently forgetting there was a world wide pandemic that affected economies across the globe, a war raging in the Ukraine causing increases in food prices, cost of fuel rocketing across Europe, Double digit inflation in Europe. Of course this was all the fault of Boris.! You can't say on one hand the state of the UK economy was nothing to do with Gordon Brown it was all down to global influences and on the other blame the Tories for everything and nothing to do with global influences. Didnt Brown sell off half of Britains gold reserve when the price of gold was low ...only for gold to go up in price for years afterwards ? Yep he sold off approximately half of the UK gold reserves which amounted to 395 tonnes for a total of $3.5 Billion. The advanced notice of the sale drove the price of gold down by 10%.
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oldie
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Post by oldie on Aug 26, 2024 18:22:44 GMT
Didnt Brown sell off half of Britains gold reserve when the price of gold was low ...only for gold to go up in price for years afterwards ? Yep he sold off approximately half of the UK gold reserves which amounted to 395 tonnes for a total of $3.5 Billion. The advanced notice of the sale drove the price of gold down by 10%. Which drove the government borrowing into surplus in readiness for the 2% of GDP spending increase that was about to be planned. The results of that increase improved the health care for millions. But hey, let's chase a Daily Mail headline without any idea of what we are talking about
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Post by Nobbygas on Aug 27, 2024 7:32:44 GMT
Yep he sold off approximately half of the UK gold reserves which amounted to 395 tonnes for a total of $3.5 Billion. The advanced notice of the sale drove the price of gold down by 10%. Which drove the government borrowing into surplus in readiness for the 2% of GDP spending increase that was about to be planned. The results of that increase improved the health care for millions. But hey, let's chase a Daily Mail headline without any idea of what we are talking about What utter nonsense Oldie.
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bluetornados
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Post by bluetornados on Aug 27, 2024 10:33:37 GMT
Budget will be painful, Starmer warns in Downing Street speech..by Sophie Abdullaichef.bbci.co.uk/ace/standard/1024/cpsprodpb/e8a1/live/f12ac8a0-6457-11ef-b43e-6916dcba5cbf.jpgThe prime minister warns October's Budget "is going to be painful" in a speech in Downing Street Keir Starmer says "we have not just inherited an economic black hole, but a societal black hole" Pressed on potential tax rises, Starmer repeats his election pledge that there will be no increases to income tax, VAT or National Insurance - but says full details will be laid out in the Budget Elsewhere, the PM condemned the riots, saying they exposed the UK's "deeply unhealthy society" The Conservatives say the speech is an attempt to "distract the public from the promises Starmer made that he never had any intention of keeping" Riots exposed the state of our country, Starmer saysThe riots didn't happen in a vacuum, they "exposed the state of our country" and revealed a "deeply unhealthy society", Starmer says. He says it revealed cracks in the foundations "weakened by a decade of division and decline" and "infected by a spiral of populism". He accuses the Tories of offering the "snake oil of populism". Prison places shortage is 'fundamental failure'The prime minister continues to talk about recent riots across parts of the UK. Starmer says "literally every day" of that disorder, the government had to check the "precise" number of prison spaces and where those places were - to make sure "we could arrest, charge and prosecute" people quickly. Not having enough prison places is about as "fundamental a failure" as you can get, he says. Starmer also highlighted that some of the recent riots saw racists slogans and gestures, swastika tattoos and more. He says people did these things under what he called the "pretence" of legitimate protest. But these people now know that crime has consequences, the prime minister says. Starmer says national strikes were costing country 'a fortune'The prime minister was asked by ITV News about what he's chosen to spend money on - such as pay rises for doctors - with a report from Age UK, external referenced that nearly 2 million pensioners could face difficult decisions in the winter. He's asked what he would say to pensioners "who are not well off" and "feel you are choosing to balance the books on their backs". Starmer responds saying the winter fuel allowance is "not a particularly well designed scheme, frankly". He says it is important for "support" to be there for the pensioners who need it the most. Starmer adds national strikes were costing the country "a fortune" - and they had to be resolved.
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oldie
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Post by oldie on Aug 27, 2024 15:03:31 GMT
Which drove the government borrowing into surplus in readiness for the 2% of GDP spending increase that was about to be planned. The results of that increase improved the health care for millions. But hey, let's chase a Daily Mail headline without any idea of what we are talking about What utter nonsense Oldie. 😂😂😂 "As shown in Table 2.1, the surplus on current budget in 1999-2000 was £20.4 billion, compared with the Budget estimate of £17.1 billion. Public sector net borrowing was -£18.1 billion, a £6.2 billion larger surplus than expected at the time of the Budget." Go girls...then "On Sunday morning the 16th January 2000, Tony Blair, the Prime Minister at that time, declared an unprecedented increase on health spending in the BBC program ‗Breakfast with Frost‘." Keep walking ladies
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Post by Nobbygas on Aug 27, 2024 15:41:59 GMT
What utter nonsense Oldie. 😂😂😂 "As shown in Table 2.1, the surplus on current budget in 1999-2000 was £20.4 billion, compared with the Budget estimate of £17.1 billion. Public sector net borrowing was -£18.1 billion, a £6.2 billion larger surplus than expected at the time of the Budget." Go girls...then "On Sunday morning the 16th January 2000, Tony Blair, the Prime Minister at that time, declared an unprecedented increase on health spending in the BBC program ‗Breakfast with Frost‘." Keep walking ladies So, how does a one-off sale of an asset fund the year-on-year spending commitment? I can't believe you are even attempting to defend the sale off of the Gold.
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aghast
David Williams
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Post by aghast on Aug 27, 2024 16:08:58 GMT
😂😂😂 "As shown in Table 2.1, the surplus on current budget in 1999-2000 was £20.4 billion, compared with the Budget estimate of £17.1 billion. Public sector net borrowing was -£18.1 billion, a £6.2 billion larger surplus than expected at the time of the Budget." Go girls...then "On Sunday morning the 16th January 2000, Tony Blair, the Prime Minister at that time, declared an unprecedented increase on health spending in the BBC program ‗Breakfast with Frost‘." Keep walking ladies So, how does a one-off sale of an asset fund the year-on-year spending commitment? I can't believe you are even attempting to defend the sale off of the Gold. I'm sure you felt equally appalled at the sell offs of BT, British Gas, British Rail, British Airways and many more. Oh hang on. The Tories sold those so it's a fundamentally sound way to generate money.
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